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<h1>Court classifies cotton thread as yarn, exempt from tax under Tamil Nadu Sales Tax Act. Revision petition dismissed.</h1> The High Court of Madras held that cotton thread sold by the assessee is classified as cotton yarn and is exempt from tax under the Tamil Nadu General ... - The High Court of Madras ruled that cotton thread sold by the assessee falls under the category of cotton yarn, exempt from tax under the Tamil Nadu General Sales Tax Act. The revision petition was dismissed. (Case citation: 1979 (11) TMI 234 - MADRAS HIGH COURT)
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